Venture Global, Inc. (NYSE:VG – Get Free Report) COO Brian Cothran sold 120,623 shares of Venture Global stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $14.55, for a total value of $1,755,064.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Brian Cothran also recently made the following trade(s):
- On Tuesday, May 19th, Brian Cothran sold 473,533 shares of Venture Global stock. The shares were sold at an average price of $14.81, for a total value of $7,013,023.73.
- On Thursday, May 21st, Brian Cothran sold 31,910 shares of Venture Global stock. The shares were sold at an average price of $14.33, for a total value of $457,270.30.
Venture Global Trading Down 3.2%
Shares of NYSE VG traded down $0.45 during midday trading on Thursday, hitting $13.58. The stock had a trading volume of 17,748,643 shares, compared to its average volume of 21,926,365. The company’s 50-day simple moving average is $13.63 and its 200 day simple moving average is $10.13. The firm has a market cap of $33.36 billion, a P/E ratio of 15.08, a price-to-earnings-growth ratio of 0.68 and a beta of 0.44. Venture Global, Inc. has a fifty-two week low of $5.72 and a fifty-two week high of $19.50. The company has a debt-to-equity ratio of 3.40, a current ratio of 0.87 and a quick ratio of 0.80.
Venture Global Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th were paid a $0.018 dividend. This is an increase from Venture Global’s previous quarterly dividend of $0.02. The ex-dividend date of this dividend was Monday, March 16th. This represents a $0.07 annualized dividend and a dividend yield of 0.5%. Venture Global’s payout ratio is 7.78%.
Analyst Ratings Changes
VG has been the subject of several research reports. Bank of America lifted their target price on Venture Global from $13.00 to $16.00 and gave the company a “buy” rating in a research note on Friday, March 20th. JPMorgan Chase & Co. lowered their target price on Venture Global from $19.00 to $16.00 and set a “neutral” rating for the company in a research note on Tuesday, April 14th. Scotiabank lifted their price objective on Venture Global from $13.00 to $15.00 and gave the stock a “sector perform” rating in a research note on Wednesday, May 13th. Morgan Stanley lifted their price objective on Venture Global from $20.00 to $22.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 13th. Finally, Zacks Research raised Venture Global from a “strong sell” rating to a “hold” rating in a research note on Friday, February 13th. Nine research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $16.47.
View Our Latest Stock Report on VG
Institutional Investors Weigh In On Venture Global
Institutional investors have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Venture Global during the second quarter worth $26,000. MAI Capital Management acquired a new stake in shares of Venture Global during the third quarter worth $29,000. UMB Bank n.a. grew its stake in shares of Venture Global by 161.2% during the third quarter. UMB Bank n.a. now owns 2,949 shares of the company’s stock worth $42,000 after purchasing an additional 1,820 shares during the period. Blue Trust Inc. grew its stake in shares of Venture Global by 1,750.0% during the fourth quarter. Blue Trust Inc. now owns 3,700 shares of the company’s stock worth $25,000 after purchasing an additional 3,500 shares during the period. Finally, Harbour Investments Inc. acquired a new stake in shares of Venture Global during the fourth quarter worth $29,000.
About Venture Global
Venture Global (NYSE: VG) is a Houston-based energy company that develops, constructs and operates large-scale liquefied natural gas (LNG) export facilities in the United States. The company focuses on converting domestically produced natural gas into LNG for shipment to international markets, positioning itself as a supplier of pipeline-quality gas in vessel-ready form for global customers.
Venture Global’s core activities include site development, engineering and construction of liquefaction and export terminals, commissioning and ongoing operations of those facilities, and commercial marketing of LNG under both long-term and short-term contracts.
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